BUS 233
Dawn Wright

Technology vs Tables and Rounding Mistakes

Joe, Two important points you bring up: Do not round intermediate values in a string of calculations. Wait until the very last step/answer to round to the number of decimals required by MyStatLab. On this problem and many others in this course, rounding too early can lead to wrong answers. In the instructor view, I

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Chebychev’s Theorem Excel Calculator

Because it is not often used, save in intro stats courses, and is relatively simple to calculate, most stats software programs (StatCrunch included) do not have a special tool to help. Instead, you will need to manually recreate the formula using Excel or a calculator. To make the process easier, I have built an Excel

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Do I need to know the Normal Approximation?

Section 5.5: Normal Approximation to the Binomial Distribution The premise in our Larson textbook for using the normal approximation is that finding the binomial probability of an “less than x” or “greater than x” problem would be onerous – having to manually calculate each of the discrete values and then sum them up. They give

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Location of the crash on northbound Mill Avenue, showing the paths of the pedestrian in orange and of the Uber test vehicle in green.
Front
Dawn Wright

Picking Alpha: The cost of Type I and Type II Errors

Earlier this year, I read of the analysis of the recent fatality caused by an Uber autonomous car in Arizona. (Lee, 2018) It occurred to me (and others) that this terrible situation is possibly related to Type I and Type II errors. (Efrati, 2018) A Type I is a false positive where a true null

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